SMR
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Company News
Stanmore Resources expands Queensland interests with 50% acquisition of Eagle Downs coal project
Stanmore Resources (ASX: SMR) has signed a definitive sale and purchase agreement with a wholly-owned subsidiary of South32 (ASX: S32) to acquire a 50% interest in the mothballed Eagle Downs coal project in Queensland and a 100% interest in Eagle Downs Coal Management. The acquisition will provide Stanmore with a fully-permitted development option for a […]
What does coal’s lesson mean for other commodities?
Investors can learn a lot from coal even if they find it an ethically unacceptable asset with coal’s soaring price a guide to what might happen to other, cleaner, commodities suffering from a lack of new development. The first coal lesson calls for a brief trip back in time to last November when Small Caps […]
Stanmore buys Mitsui’s stake in QLD coal venture, IDP Education appoints new CEO and Santos purchases pipeline route
Stanmore Resources (ASX: SMR) has announced it will buy Mitsui & Co’s remaining 20% stake in BHP Mitsui Coal (now renamed Stanmore SMC) the company’s joint venture with BHP Group (ASX: BHP), for an estimated $380 million. The Australia-based resources company plans to fund the purchase through internal resources, which comes after it agreed on […]
Are Australian coal mining companies oversold?
There is a world of difference between a commitment to “phase-out” a commodity, and a proposal to “phase-down” a commodity, which is a reason for taking a fresh look at heavily oversold Australian coal mining companies. While not widely researched because they have become ethically incorrect, some coal stocks are trading at close to half […]
Blue Energy to supply hydrogen to Stanmore Resources by converting pilot gas
Aspiring gas producer Blue Energy (ASX: BLU) has advanced hydrogen plans after executing a memorandum of understanding with Stanmore Resources (ASX: SMR). Blue is evaluating the potential of converting pre-development gas to hydrogen. Under the MoU, Blue will convert pilot gas that would otherwise be flared and supply it to Stanmore’s Isaac Plains Complex equipment […]
Blue Energy to capture and sell coal mine gas to lower emissions, increase mine safety
Blue Energy (ASX: BLU) has executed a non-binding memorandum of understanding to capture fugitive mine gas from the proposed Isaac Plains underground coal mine in the North Bowen Basin. The MOU with Stanmore Coal (ASX: SMR) paves the way for similar agreements with coal mines in the Bowen Basin. Stanmore’s ground overlaps Blue’s ATP814P permit […]
Golden Energy and Resources’ subsidiary lobs off-market takeover bid for Stanmore Coal
Golden Energy and Resources’ 51%-owned subsidiary Golden Investments has lobbed an off-market cash takeover bid for 100% of Stanmore Coal (ASX: SMR). Ascend Global Investment Fund owns the other 49% of Golden Investments. The offer values Stanmore at $0.95 per share, which is a 14% premium to Stanmore’s previous closing price of $0.83. According to Golden […]
Stanmore Coal splashes big on coal project expansion in Queensland
Coal miner Stanmore Coal (ASX: SMR) pleased its shareholders this morning with news that it was expanding the production life of its Isaac Plains Complex in Queensland’s Bowen basin. Stanmore Coal has executed definitive agreements with Peabody Australia to acquire a mineral development lease and a coal exploration permit from Millennium Coal – two high-value […]
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